ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Hong Kong homebuyers flock to rare bargain amid depressed market

Government land sale falters as high interest rates wither purchasing appetite

Hundreds of Hong Kong homebuyers flock to a rare bargain sale offered by CK Asset's latest residential project, "The Coast Line II," in early August. (Photo provided by CK Asset)

HONG KONG -- While Hong Kong's property market has slowed down considerably in recent months, thousands of homebuyers flocked to local malls in the past few weekends trying to grab new homes at seven-year bargain prices.

CK Assets Holdings -- one of the two flagship companies led by Chairman Victor Li, the prospective heir of tycoon Li Ka-shing -- offered a 16% discount on residential flats in the city, prompting a rare rush of buyers.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more